Iran does not export steel to the United States. Iran’s steel exports are mainly for Asian countries, including Thailand, Taiwan, Indonesia and the Philippines, Middle Eastern countries including Oman, and European countries including Spain and Italy.
Trade sources said that Iranian exporters generally do not use letters of credit, and that their export trade is conducted through traders that have no relationship with the United States. Therefore, after the restart of economic sanctions by the United States, Iran’s export trade will not be affected too much. Great influence. Since the Iranian currency Rial devaluated by 50% last year, Iran’s steel exports have become very competitive.